Substitution over Time: Another Look at Life Cycle Labor Supply / Casey B. Mulligan.

Format:

Book

Author/Creator:

Mulligan, Casey B.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w6585.

NBER working paper series no. w6585

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Substitution over Time

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1998.

Summary:

Most studies of the intertemporal substitution of work use life cycle data and, from those studies, many have concluded that intertemporal labor substitution is unimportant for macroeconomics. This paper takes another look at life cycle data and argues that a consideration of measurement errors, taxes, on-the-job training the margins' composing aggregate labor supply over the life cycle suggests that substitution over time may be very important for macro fluctuations. The life cycle data used includes fairly standard male cross-section and panel data samples as well as a sample of women experiencing the termination of AFDC benefits as their youngest child turns 18 years old.

Notes:

Print version record

May 1998.